Top 10 Largest Banks in the World by 2020

Who are the top 10 largest banks in the world? The following is a
list of largest banks in the world ranked by factoring both total
assets and annual revenue.

 1.    Industrial & Commercial Bank of China

Industrial & Commercial Bank of China is the largest bank in the

world by assets with USD 3.62 trillion in total assets. ICBC is the
fourth largest bank in the world going by total revenue at USD 134.8
billion.

 Founded: 1984
 ICBC Headquarters: Beijing, China
 ICBC Total Asset Value: USD 3.62 trillion
 ICBC Revenue: USD 134.8 billion
 ICBC Number of Employees: 453,048

2.    China Construction Bank Corporation

2nd on BizVibe’s list of the largest banks in the world is also from
China. China Construction Bank Corporation — abbreviated as CCB
— the company is one of the “big four” banks in China. CCB was
founded 66 years ago in Beijing and currently operates branches in
Barcelona, Frankfurt, Luxembourg, Hong Kong, Johannesburg, New
York City, Seoul, Singapore, Tokyo, Melbourne, Kuala Lumpur,
Sydney and Auckland, and has a wholly-owned subsidiary in London.

China Construction Bank is the 2nd largest bank in the world ranked

by total by assets at USD 2.94 trillion.

 China Construction Bank Corporation Products

 Finance and insurance

  Consumer Banking
 Corporate Banking
 Investment banking
 Investment management
 Global Wealth Management
 Private equity
 Mortgages
 Credit cards

 Founded: 1954
 CCB Headquarters: Beijing, China
 CCB Total Asset Value: USD 2.94 trillion
 CCB Revenue: USD 92.1 billion
 CCB Number of Employees: 345,971

 3.    Agricultural Bank of China

 Coming in 3rd on the list of the largest banks in the world is also from
China and another one of the big four banks in China. Agricultural
Bank of China is 3rd on BizVibe’s list of the largest banks in the world
in 2020. ABC has a total asset value of USD 2.82 trillion, making it
the 3rd largest bank in the world by assets. Agricultural Bank of China
was founded 69 years ago back in 1951 and is primarily owned by
Central Huijin and the Ministry of Finance.

In terms of revenue, ABC brought in $87.6 billion in 2018 and

continues stellar annual revenues. In 2010, the Agricultural Bank of
China went public and its IPO was the largest on record at the time,
surpassed since by Alibaba.

 Agricultural Bank of China Products

 Finance and insurance

 Consumer Banking
 Corporate Banking
  Investment banking
 Investment management
 Global Wealth Management
 Private equity
 Mortgages
 Credit cards

 Founded: 1951
 ABC Headquarters: Beijing, China
 ABC Total Asset Value: USD 2.82 trillion
 ABC Revenue: USD 87.6 billion
 ABC Number of Employees: 473,691

4.    Bank of China

 Bank of China is ranked 4th on BizVibe’s list of the top 10 largest

banks in the world in 2020. Bank of China was founded back in 1912
and is known for dealing with small farmers and large wholesale
agricultural companies. 

Bank of China is also one of the big four state-owned commercial

banks in China and ranks 4th in the world in asset value with a total
value of assets worth USD 2.82 trillion.

Bank of China Products 

 Credit cards
 Consumer banking
 Corporate banking
 Finance and insurance
 Investment banking
 Mortgage loans
 Private banking
 Private equity
 Savings, Securities
  Asset management
 Wealth management

 Founded: 1912

 Bank of China Headquarters: Beijing, China

 Bank of China Total Asset Value: USD 2.82 trillion
 Bank of China Revenue: USD 73.23 billion
 Bank of China Number of Employees: 311,000

5.    HSBC Holdings (HSBC)

 HSBC Holdings plc is the largest bank in Europe. HSBC is a

multinational investment bank and a financial services holding
company operating in over 80 countries with over1800 locations in
the UK alone. HSBC is the first non-China based bank in this list.

 HSBC Products

 Retail banking
 Corporate banking
 Investment banking
 Mortgage loans
 Private banking
 Wealth management
 Credit cards
 Finance
 Insurance

 Founded: 1865
 HSBC Headquarters: London, United Kingdom
 HSBC Total Asset Value: USD 2.57 trillion
 HSBC Revenue: USD 56.1 billion
 HSBC Number of Employees: 235,351

 
6.    JPMorgan Chase & Co. (JPM) 

JPMorgan Chase is an American multinational investment banking

company and 6th on BizVibe’s list of the top 10 largest banks in the
world. Headquartered in New York City and founded back in 1799
initially as Bank of the Manhattan Company, the company has the
third largest hedge fund ion the world. In terms of market cap, the
company has the largest market cap in the world. 

JPMorgan Chase has total assets of USD 2.45 trillion and their
annual revenue last year was 115.627 billion. JPMorgan Chase is
one of the big four banks in America, along with Bank of America,
Citigroup, and Wells Fargo.

 Founded: 2000
 JPM Headquarters: New York City, New York, United States
 JPM Total Asset Value: USD 2.45 trillion
 JPM Revenue: USD 115.627 billion
 JPM Number of Employees: 256,981

 7.    BNP Paribas

BNP Paribas is an international banking group based out of France.

By total assets and revenue, BNP ranks 7th on this list. BNP Paribas
was founded 172 years ago with its current headquarters in
Boulevard des Italiens, Paris, France. The bank’s current presence is
on 5 different continents and serves more than 30 million customers
worldwide. Following the 2008 financial crisis, BNP Paribas was
considered one of the five largest banks in the world. 

BNB Paribas’ annual revenue last year was USD 48.9 billion and total
assets are USD 2.4 trillion.

 BNP Paribas Products

 
  Asset management
 consumer banking
 corporate banking
 credit cards
 investment banking
 mortgage loans
 private banking
 wealth management

 Founded: 1848
 BNP Paribas Headquarters: Boulevard des Italiens, Paris,
France
 BNP Paribas Total Asset Value: USD 2.4 trillion
 BNP Paribas Revenue: USD 48.9 billion
 BNP Paribas Number of Employees: 202,624

8.    Mitsubishi UFJ Financial Group (MUFG)

 Mitsubishi UFJ Financial Group, abbreviated as MUFG, is a

Japanese holding company in the financial services sector. MUFG
was founded in 2005 with its current headquarters in Yurakucho,
Chiyoda, Tokyo, Japan. MUFG’s total assets are USD 2.8 trillion —
making the MUFG of the largest banks in the world by assets.

Mitsubishi UFJ Financial Group Products

 Personal Banking
 Corporate banking
 Investment banking
 Investment management
 Wealth Management
 Mortgage
 Credit cards
Mitsubishi UFJ Financial Group Subsidiaries

 Morgan Stanley
 MUFG Bank
 Mitsubishi UFJ Trust and Banking Corporation
 Mitsubishi UFJ Securities
 Mitsubishi UFJ NICOS
 Mitsubishi UFJ Lease & Finance
 UnionBanCal Corporation

 Founded: 2005
 MUFG Headquarters: Yurakucho, Chiyoda, Tokyo, Japan
 MUFG Total Asset Value: USD 2.8 trillion
 MUFG Revenue: USD 41.7 billion
 MUFG Number of Employees: 106,800

9.    Bank of America (BofA)

 With headquarters in Charlotte, North Carolina, U.S., Bank of

America is one of the largest banks in the world by assets and
revenue. Founded in 1998, Bank of America operates central hubs in
New York City, London, Hong Kong, Minneapolis, and Toronto, but
was founded in San Francisco. Bank of America specializes in a
multitude of services and has total assets of USD 2.15 trillion and
total revenue of USD 91.24 billion.

Bank of America Products

 Consumer banking
 corporate banking
 insurance
 investment banking
 mortgage loans
 private banking
 private equity
 wealth management
  credit cards

 Founded: 1998
 Bank of America Headquarters: Charlotte, U.S
 Bank of America Total Asset Value: USD 2.15 trillion
 Bank of America Revenue: USD 91.24 billion
 Bank of America Number of Employees: 204,489

10.  Crédit Agricole Group

 Crédit Agricole Group is the world’s largest cooperative financial

institution. The company was founded 125 years ago and has current
headquarters in Montrouge, France. Crédit Agricole Group has total
assets of USD 1.91 trillion and total revenues of USD 33.5 billion
making it one of the largest banks in the world by assets and
revenue.

Crédit Agricole Group Products

 Retail banking
 Corporate banking
 Investment banking
 Private banking
 Wealth management
 Asset management

 Founded: 1894
 Crédit Agricole Group Headquarters: Montrouge, France
 Crédit Agricole Group Total Asset Value: USD 1.91 trillion
 Crédit Agricole Group Revenue: USD 33.5 billion
 Crédit Agricole Group Number of Employees: 150,000
Source: https://www.bizvibe.com/blog/largest-banks-world/